Budget and Salary/Compensation Transparency Reporting

Cassopolis Public Schools Finance Information

Budget and Salary/Compensation Transparency Reporting

The Annual Budget and Salary/Compensation Transparency Reporting legislation is an opportunity for Cassopolis Public School District to share, with the public, information on how resources are utilized.

The legislation represents an amendment to the State School Aid Act (Public Act 94 of 1979) and requires each Michigan school district and intermediate school district to post the following budgetary information on its website.

The Cassopolis Public Schools budget is adopted by a publicly elected local board of education no later than June 30 of each year. This budget is posted on the website within 30 days of adoption. Any subsequent budget amendments are also posted within 30 days.

Because schools are a service industry, the largest share of every school’s expenditures is salaries and benefits. Operational expenditures include but are not limited to instructional resources, fuel, maintenance, transportation and technology.

Each year, Cassopolis Public Schools is required to hire an independent auditor to complete a comprehensive audit which evaluates and reports on the financial condition of the district. The audit includes a thorough analysis of all the business operations as well as a compliance review for the requirements of the many programs we operate.

This section includes information related to bids required under section 5 of the public employee health benefits act, 2007 PA 106, MCL 124.75 Bids must be solicited from four or more carriers (including one VEBA) for each employee group at least once every three years or whenever a change in health plan coverage is made.

Employee Compensation Information

This section will include compensation information for the superintendent and any employee whose salary exceeds $100,000 annually. For purposes of this reporting, salary is defined as Medicare wages for the fiscal year.

Dues and fees paid with district funds are limited to professional associations and student associations. Membership in professional associations provides added opportunities, resources, continuing education, and professional development. They also make it possible for our district to conduct business in more efficient ways. Participation in student associations results in scholarship opportunities for students. Employees pay employment association dues through payroll deductions. These dues are not paid with district funds.